Carmel-By-The Sea Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,344,161 | 821,333 | 1,522,828 | 144.3 | 18% |
| 2021 | 867,431 | 652,897 | 214,534 | 221.4 | 22% |
| 2022 | 2,778,911 | 660,436 | 2,118,475 | 205.5 | 27% |
| 2023 | 636,140 | 759,903 | −123,763 | 187.6 | 29% |
In its most recent public year (2023), this organization spent $123,763 more than it brought in. Its reserves stood at about 187.6 months of spending, up from 144.3 in 2020. Staff pay was 29% of spending. $4,183,625 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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